Q4 2018 Philadelphia Office MarketView

The development pipeline in the CBD emptied with the delivery of Aramark’s new headquarters at 2400 Market Street.

Class A asking rates in the CBD reached an all-time high in Q4 2018 at just over $33.00 per-square-foot per-year due to the ongoing trend of landlords adding amenities and improvements to their assets.

AmeriHealth Caritas signed the largest lease of the quarter in the metro area, committing to a roughly 378,000-square-foot build-to-suit in Newtown Square. The American Board of Internal Medicine’s nearly 100,000-square-foot renewal at 510 Walnut St was the largest lease signed in the CBD.